Diriyah District Cooling Plant Phase 1

Diriyah District Cooling Plant Phase 1 - a District Cooling Concession in Saudi Arabia. Capacity 72,500 RT. Winning consortium: City Cool Cooling Co (Mada International Holding) + ADC Energy Systems. Status: Construction.

Country

Saudi Arabia

Procurer

Diriyah Company (PIF)

City / region

Diriyah, Riyadh

Capacity

72,500 RT

Status

Construction

Tariff

Not publicly disclosed

Winning consortium

City Cool Cooling Co (Mada International Holding) + ADC Energy Systems - equity: City Cool 90% (Mada subsidiary); ADC Energy co-developer

Procurement timeline

• RFP: H2 2022
• Bid submission: 7 Mar 2023
• Preferred bidder: Q1 2024
• Commercial close: 21 Mar 2024
• PCOD: Phase 1 cooling alongside Diriyah Phase 1 non-residential

Runner-up bidders & tariffs

• At least 1 rival consortium 7 Mar 2023 (identities not disclosed)

Financing

• Capex: SAR 700 M (USD 187 M)

Technical scope

Process: Centralised chilled-water + distribution + ETS

0.7 kW/RT design efficiency (claimed most efficient DC plant in KSA). Najdi-themed architecture

EPC contractor: City Cool + ADC Energy Systems

Sources

• Diriyah Co
• MEED
• MEConstruction

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